Financial management, coping and debt in households under financial strain

This study looks at how households cope financially with a budget under a certain financial strain (after the birth of a new baby), and particularly examines their financial management practices and debting behaviour. Other factors associated with debt status caused by financial strain — particularly psychological variables — are also examined. A number of indexes were calculated from questionnaire data and used to measure these variables. The results showed that being in debt was significantly associated with feelings of coping less well and with better financial management. Better coping was also significantly associated with being more ‘forwardlooking’ and having a more negative attitude towards debt. Better financial strategies were significantly associated with being less materialistic and having a more stable budget. The results confirm previous findings that psychological and behavioural variables have a considerable impact on being in or keeping out of debt, but also suggest that perceived poor coping and being in debt during a period of particular financial strain may actually lead to an improvement in financial management.     

Money management systems in early marriage: Factors influencing change and stability

We know little about how couples develop their systems of money management, nor how and why these might change over time. To address these lacunae, in-depth, semi-structured interviews were conducted with 42 heterosexual couples before their first marriage and again one year later. A Grounded Theory analysis was used to explore financial practices and how individuals approached monetary issues. Before the wedding the majority had rather independent monetary arrangements, but a year later, some had moved to more collective systems. Factors influencing change or stability in financial arrangements were both pragmatic (having to respond to major expenses such as house purchase or a new baby) and ideological (e.g., the relative importance of autonomy or sharing within the marriage). But an over-riding factor was perceived ownership of income and other assets. Those choosing more separation in money matters did so in order to maintain their financial identity and autonomy. However, there was evidence that such systems can sow the seeds of inequality later if women curtail their employment to provide childcare.     

The Association Between Consumer Debt and the Likelihood of Divorce

As part of the Center for Financial Security’s 2010 symposium, this study examined the association between consumer debt and divorce. Longitudinal data from the National Survey of Families and Households (N = 4,574 couples) indicated that consumer debt was positively associated with divorce. Financial conflict completely mediated this association for both husbands and wives and marital satisfaction also completely mediated the association for wives. These findings suggest that when families take financial steps to secure their financial stability they may also be taking steps to secure their relationship stability.     

Choices,Challenges, and Tensions

ABSTRACT

No research has examined the challenges faced by lesbian women seeking to adopt from the perspective of lesbian couples themselves. The current qualitative study utilized data from 70 women (from 35 same-sex couples) who were in the process of adopting to explore how lesbian women experience and navigate the challenges they encounter during this critical life transition. Ecological, minority stress, and feminist perspectives informed our analysis. Results indicated that many women experienced tensions between their desire to be “out” in the adoption process and the legal and social realities of adoption. Based on their reports, women in this sample faced numerous barriers to adopting but engaged in multiple forms of resistance to legal and social inequities. Women also identified supportive practices by agencies that facilitated the adoption process. Findings suggest the importance of considering lesbian women's experiences as a starting point in understanding how heteronormative social practices shape the experiences of same-sex couples striving to adopt.     

Work,parenting and gender: the care–work negotiations of three couple relationships in the UK

Changes globally mean that there are now record numbers of mothers in paid employment and a reported prevalence of involved fathering. This poses challenges to mothers and fathers as they negotiate care–work practices within their relationships. Focusing on interviews with three heterosexual couples (taken from a wider UK qualitative project on working parents), the paper considers care–work negotiations of three couples, against a backdrop of debates about intensive mothering and involved fathering. It aims to consider different configurations of work and care within three different couple relationships. We found that power within the relationships was negotiated along differential axis of gender and working status (full- or part-time paid work). We present qualitatively rich insights into these negotiations. Framed by a critical discursive psychological approach, we call on other researchers to think critically about dominant discourses and practices of working, caring and parenting, pointedly how couples situated around the world operationalise these discourses in talking about themselves as worker and carers.     

Extreme Financial Strain: Emergent Chores,Gender Inequality and Emotional Distress

This qualitative study examines the gendered division, and emotional effects, of household financial labor among severely indebted couples prior to filing consumer bankruptcy. Interviews with 19 newly bankrupt couples in Spokane, Washington, illustrate how, before bankruptcy, the peripheral and mundane chore of paying bills transforms into multiple arduous core chores: micro-management of money, debt collector negotiations, and researching and deciding to file bankruptcy. These newly emergent low-control chores are gendered and the wives’ responsibility. Gendering occurs for two reasons. Some women retain responsibility for emergent chores because husbands exhibit financial irresponsibility. Others request their husbands’ assistance, but the men refuse because the financial chores are upsetting or bothersome. Many wives who manage the newly emergent financial chores experience negative emotional effects.     

Trust and social capital in the regulation of lending activities

When a bank grants a loan, it takes the risk that the borrower will not honor his debt. To reduce this uncertainty, banks have created instrumental evaluation methods in order to try to evaluate the risk more objectively. An analysis of financial counselors’ practices shows the limits of these methods. To obtain information needed for the financial risk evaluation and to reduce the information asymmetry between bankers and borrowers, financial counselors integrate social networks to establish bonds of trust and to accumulate social capital. The quality of the social bond determines the quality of the gathered information and therefore the quality of the risk evaluation. Bank management is aware of the limits of instrumental methods and the importance of social risk evaluation. To improve their economic efficiency, they modify their work organization and their management practices so as to facilitate the emergence of a bond of trust and the accumulation of social capital by their financial counselors. The analysis of economic actors’ speech and behavior involved in activities of credit shows that behind the claimed altruism nature of the trust relationship exists an economic rationality whose social and temporal horizons of optimization differ from the model of the trade exchange seen in conventional economic theory.     

Characteristics and Allowed Behaviors of Gay Male Couples’ Sexual Agreements

Research has shown that gay male couples’ sexual agreements may affect their risk for HIV. Few U.S. studies have collected dyadic data nationally from gay male couples to assess what sexual behaviors they allow to occur by agreement type and the sequence of when certain behaviors occur within their relationships. In our cross-sectional study, dyadic data from a convenience sample of 361 male couples were collected electronically throughout the United States by using paid Facebook ads. Findings revealed that couples discussed their HIV status before having unprotected anal intercourse (UAI) but established their agreement some time after having UAI. About half of the couples (N = 207) concurred about having an agreement. Among these couples, 58% concurred about explicitly discussing their agreement, 84% concurred about having the same type of agreement, and 54% had both men adhering to it. A variety of sexual behaviors were endorsed and varied by agreement type. Concordance about aspects of couples’ agreements varied, suggesting the need to engage couples to be more explicit and detailed when establishing and communicating about their agreements. The allowed behaviors and primary reasons for establishing and breaking sexual agreements further highlight the need to bolster HIV prevention for gay male couples.     

‘All my worldly goods I share with you’? Managing money at the transition to heterosexual marriage

Studies in the 1980s and 1990s revealed that financial arrangements in marriage tended to disadvantage women, especially those with young children. However, much of that research focused upon relatively well‐established married (or remarried) couples, and we have little insight into the choices that today's newly‐weds are making, or what influences their choices. To address this gap in our understanding, in‐depth, semi‐structured interviews were conducted with forty‐two heterosexual couples on the brink of their first marriage. We explored their monetary practices and the way that they thought about money in the relationship. The results of a grounded theory analysis showed that six couples were pooling all or most of their money, fifteen were using a partial‐pooling system, twenty were using an independent management system (with separate accounts), and one couple had an arrangement where all the money was controlled and managed by one partner. A key factor was perceived ownership of money, and this influenced the extent to which finances were being merged and treated as a collective resource. Other factors included the couple's current living arrangements and beliefs about the importance of sharing and independence within the relationship.     

Couples,Money, and Expectations: Negotiating Financial Management Roles to Increase Relationship Satisfaction

How couples handle money has become a popular subject among scholars, practitioners, and the popular press. However, little is known about how finances should be treated within a clinical context. This study examined the financial management roles in which couples participate and their satisfaction level with these roles as well as couples' communication tactics surrounding money and their impact on relationship and financial satisfaction. Results suggested that having shared goals and values about money were a stronger predictor of relationship satisfaction than were communication strategies. In addition, satisfaction with one's financial management role participation may be more important than self-reported financial management roles each partner performs. In this study, financial management roles included 19 areas, including responsibilities such as bookkeeping, financial decision-making, and taxes.     

Money management and views of civil partnership in same‐sex couples: results from a UK survey of non‐heterosexuals

Recent legislation in the UK has extended many of the legal and financial rights and responsibilities of heterosexual marriage to same‐sex couples who register their partnerships. Prior to the Civil Partnership Act (2004) however, little was known about financial arrangements in same‐sex couples, nor the extent to which these mirrored those of married or cohabiting heterosexuals. This paper reports the findings from the first large‐scale survey in the UK to investigate finances and civil partnership beliefs in a convenience sample of non‐heterosexuals: 510 individuals, of whom 386 were currently in a same‐sex relationship, participated in the survey. Our findings showed less merging of finances (such as in pooling, allowance, and whole wage systems) than is typical in heterosexual married couples. The results of a series of multinomial logistic regression analyses showed that rating CP as more important, and having both names on the mortgage, significantly reduced the odds of independent (ie, separate) management of finances. Participants were almost unanimous in their endorsement of CP as a form of legal recognition, with a large majority saying that they would also consider it for themselves.     

Exploring the relationship between gambling,debt and financial management in Britain

The issue of how and why gamblers end up in debt has received comparatively little attention in the literature. Data from the 2007 Adult Psychiatric Morbidity Survey (APMS) revealed that although problem gamblers were more likely than non-problem gamblers to have forms of financial debt, just under two-thirds of problem gamblers (62%) reported having no debt. Using a qualitative approach, this study aimed to explore the issue from the perspective of gamblers themselves through interviews with 27 purposively sampled gamblers drawn from participants who took part in the APMS and the British Gambling Prevalence Survey 2010. Analysis, using the Framework method, suggested the existence of four kinds of gamblers categorized by their approach to gambling spending and their approach to their general spending: ‘controlled gamblers’, ‘uncontrolled gamblers’, ‘uncontrolled spenders’ and ‘chaotic spenders’. Also proposed on the basis of these data is an ecological model which aims to capture the different levels of personal and environmental factors that influenced people's financial decisions, including cognitive factors, control and compulsion, normative spending, resource and financial management, and the credit environment. The implications for practice are also discussed.     

Financial management in stepfamilies

This study is an investigation of the financial management practices of 105 remarried couples who have at least one child from a previous marriage. The majority of the couples pool their financial resources and share equally in decisions made about their finances. Financial management practices tend to be different from those of prior marriages. Remarried women experience more changes than remarried men. In general, remarried people are satisfied with how they are handling their finances. The data from this study partially supports Fishman's hypothesis that remarried families who pool resources are closer. Marital relationships are not affected by the method of pooling, but adult-child relationships are closer when resources are pooled than when they are not.This study was funded by the University of Missouri Weldon Springs Research Fund.Marilyn Coleman is Professor and Chair of Human Development and Family Studies, 28 Stanley Hall, University of Missouri, Columbia, MO 65211. She received her Ed.D. from the University of Missouri.Lawrence H. Ganong is Associate Professor of Human Development and Family Studies/Nursing, 313 School of Nursing, University of Missouri, Columbia, MO 65211. Dr. Ganong received his Ph.D. from the University of Missouri. Both he and Dr. Coleman are currently doing research on stepfamily dynamics as well as sex roles.     

The Moral Obligations of Some Debts

If given the opportunity to reduce your debt, albeit at some financial risk, would you take it? Interviews and observations in two debt settlement firms show that debt settlement clients tend not to calculate financial risks in deciding which debts to try to settle. Rather, they treat their relationship with their creditor as a reciprocal and ongoing one. If the service provided by their creditor was inadequate, clients feel justified in trying to settle their debt. Otherwise, they believe that they must pay back the debt in full. In line with recent work in economic sociology, we show that economic transactors are bound by the moral requirements of the relationship they are in. But debt settlement clients invent those relationships in at least two ways: turning a debt to an impersonal agency into a relationship with a person, and turning a relationship of inequality into one of equality. Clients may preserve some sense of autonomy in a disempowering relationship by conceptualizing their relationship with their creditor as one between equals. But there is a cost: As a result of the relational schemas on which they operate, they often refuse to try to settle debts that might be settled without lasting financial repercussions.     

Same-Sex Couples' Experiences with Homonegativity

Abstract

Same-sex couples face many challenges in forming and maintaining committed relationships. Challenges unique to same-sex couples include experiences with homonegativity. Sixteen same-sex couples were asked to share their experiences with homonegativity that had an influence on their relational commitment. Data from their conversations were analyzed using Consensual Qualitative Research methodology (Hill, Thompson,&Williams, 1997). Analyses revealed that same-sex couples commonly experienced homonegativity from general societal sources and family of origin. Additionally, some couples experienced homonegativity from religious and legal sources. The implications of these results for relational commitment and future research on same-sex couple relationships are discussed.     

Money in remarriage: keeping things simple – and separate

This paper investigates money matters in remarried couples. The number of such couples is on the increase, and their financial affairs are likely to be more complex and conflictual than for first-married couples, but there has been little research attention paid to this group in Britain. The present study explores patterns of control and management of money by means of data from semi-structured interviews with 20 couples in which one partner or both had been married before. The men and women were interviewed separately, but in the majority of cases, simultaneously, in separate rooms. This yielded data from 38 interviews since two men declined to take part in the study. Ages of respondents ranged from 28 to 83, with the majority in the 30–55 range. At the time of the study, only half still had dependent children, and not all of the latter were co-resident. A key finding of the study is a degree of separateness in financial arrangements that is in sharp contrast to earlier findings. As many as half of the couples were using an Independent Management system, compared with less than 2 per cent of couples in general. For those with children from previous relationships, this separateness was especially marked in the way they wished their assets to be treated after their death. However, in line with earlier studies, the balance of economic power in second and subsequent marriages still appeared to favour the men, who generally had larger incomes and owned more assets in their own names.     

Perceptions and Practices in Independent Management: Blurring the Boundaries Between “Mine,” “Yours” and “Ours”

Research suggests that couples categorized as practicing independent management (IM) have a high level of independence and separateness regarding financial matters. However, this interview study showed that the boundaries between “yours” and “mine” regarding money, finances and consumption are blurred in couples categorized as IM. The blurring of boundaries reflected participants’ understandings of what it means to be in a committed couple relationship and the difficulties associated with having joint expenses and consumption while lacking a "common purse." The study indicated that couples might be less individualistic and private than the label IM suggests and that the practices of those categorized as using IM are varied and complex.     

Does Revenue Diversification Predict Financial Vulnerability Among Non-governmental Organizations in sub-Saharan Africa?

Non-governmental organizations (NGOs) in sub-Saharan Africa (SSA) experience financial challenges that hinder efforts to promote social change and development. Revenue diversification is one adaptive response to these challenges, yet there is a lack of evidence concerning the relationship between revenue diversification and financial vulnerability among NGOs in SSA. Using data from an online survey of NGOs (N = 170), we hypothesized that a greater number of revenue sources is associated with lower probability of financial vulnerability, while a greater level of dependence on international funding is associated with higher probability of financial vulnerability. Results from probit regression models controlling for organizational characteristics indicated partial support for hypotheses. Having four or more types of revenue was associated with 87% lower probability of financial vulnerability compared to having one type of revenue (p < 0.001). Also, NGOs with up to half of their budgets covered by international sources had 17% lower probability of financial vulnerability compared to NGOs with no international funding (p < 0.05). Implications for future research to further explore these relationships are discussed.     

Different Storks for Different Folks

SUMMARY

When gay and lesbian couples decide to become parents, they are unique as a group in always requiring the involvement of a facilitating other: a donor, surrogate, or (in the case of adopted or foster children) birth parents. This clinical paper explores common psychological and social challenges gay and lesbian couples face when using alternative reproductive technologies to attain parenthood. Between the wish and the actuality of being at home with their baby, gay and lesbian parents travel a long and winding road of choices and chances taken. The parenting partners often consist of one biological and one non-biological parent. Issues of psychological/emotional parenthood as opposed to merely biological parenthood (including assumptions of potential inequality or differential legitimacy) must be reconciled in the minds, couple relationships, family of origin relationships, and friendship support systems of the partners before and after the child's birth. The family must also navigate others' questions and assumptions as they venture ever further beyond their intimate circle and as their growing child forms relationships with peers. Specific guidelines are offered for helping couples surmount these psychosocial challenges.     

“Dude,I’m Seventeen … It’s Okay Not to Have Sex by This Age”: Feelings,Reasons, Pressures,and Intentions Reported by Adolescents Who Have Not Had Sexual Intercourse

This study investigated feelings, reasons, pressures, and previous sexual experiences reported by students who have not had sexual intercourse and how these factors are associated with self-rated likelihood of having sex during the next year. Using data from the Fifth National Survey of Australian Secondary Students and Sexual Health (n = 783), this study found, in general, students had positive feelings about not having sex. Reasons for not having sex such as being proud to say no and not being ready were rated higher in importance than fear of potential outcomes or religious/cultural beliefs. Students reported limited pressure from parents and friends and, despite not having sexual intercourse, more than half of the sample had experienced some form of sexual activity. Stronger likelihoods of having sex during the next year were reported by students who had previously engaged in other sexual practices, reported more pressure from friends to have sex, and had negative feelings about not having sex. Sexuality educators can use these findings to guide approaches to sex education, emphasizing feelings, intentions, and reasoning over fear tactics. Discussion of a range of sexual practices will address more closely the experiences of young students as they begin their sexual lives.